High-priced homes: Austin gets its first $1 million neighborhood

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Austin's rate of million-dollar homes is far from the dizzying levels seen in Silicon Valley. But the Central Texas area has crossed a threshold seen in other affluent, booming metros: Austin has its first neighborhood where the median home price is at least $1 million. That's according to a report this week from Trulia, a real estate website and research company that's owned by Zillow (Nasdaq: Z). The Barton Creek neighborhood, which is southwest of downtown between Bee Cave Road and Southwest...

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